Enrico Bancone popularized this man's statement that it was theoretically possible for a socialist economy to exactly mimic a free market economy's output through careful calculation. Where N is the number of people with higher incomes than x, this man's namesake distribution estimates income distribution as log N = log A + m log x. This coiner of the term (*) "ophelimity" also wrote about an 80-20 rule in his magnum opus
Enrico Bancone popularized this man's statement that it was theoretically possible for a socialist economy to exactly mimic a free market economy's output through careful calculation. Where N is the number of people with higher incomes than x, this man's namesake distribution estimates income distribution as log N = log A + m log x. This coiner of the term (*) "ophelimity" also wrote about an 80-20 rule in his magnum opus Mind and Society. That work by this man also introduced a wealth distribution in which no participant can benefit without harming another participant. For 10 points, name this Italian fascist economist most famous for his namesake "optimality."
Enrico Bancone popularized this man's statement that it was theoretically possible for a socialist economy to exactly mimic a free market economy's output through careful calculation.
Vilfredo {Pareto}